JSiminoski

GBPCAD Weekly Elliot Wave Theory

Short
FX_IDC:GBPCAD   British Pound / Canadian Dollar
Bearish medium term on the weekly chart.

Confluence
-Massive H&S pattern
-Break and retest of neckline
-Wave 4 completion
-Bearish engulfing last week
-Dynamic resistance

Negative factors
-Support level at 1.70500
-50 ema

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